Greece : Request for Stand-By Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Greece

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 20, 2017

Electronic Access:

Free Full Text (PDF file size is 2463 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Greek authorities have requested a precautionary Stand-By Arrangement in an amount of SDR 1.3 billion (55 percent of quota, about €1.6 billion). Unutilized resources under the European Stability Mechanism (ESM)-supported program amount to €54 billion. The arrangement is proposed to be approved in principle, to become effective once specific and credible assurances on debt relief are received from Greece’s European partners to restore debt sustainability, and to expire on August 31, 2018, shortly after the expiration of the ESM program.

Series:

Country Report No. 17/229

English

Publication Date:

July 20, 2017

ISBN/ISSN:

9781484311219/1934-7685

Stock No:

1GRCEA2017004

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

127

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